FCA seeks record £75m fine from Keydata boss Stewart Ford over misselling claims, Ford to hit back with £650m high court claim May 26, 2015 The FCA is seeking record fines against three former managers of Keydata Investment Services, claiming the company missold complex products to consumers. The watchdog has fined former chief executive Stewart Ford £75m, former sales director Mark Owen £4m and former compliance officer Peter Johnson £200,000, and wants to ban them from working in regulated [...]
These are the best-paid chief executives of public companies in the US May 26, 2015 Chief executives at media and tech giants are coining it in, accounting for eight out of the top 10 best-paid bosses at US companies. An annual study of the best-paid chief executives at publicly-listed firms with a market cap of $1bn (£650m) or more put Discovery Communications boss David Zaslav top of the list [...]
Swipe right if you think it’s property love: New app Knocker is being billed as Tinder for home-buyers May 26, 2015 Looking for love of the property kind? This new app that is being billed as Tinder for home-buyers could be right up your street. A pair of clever programmers from the Ignite100 accelerator in Newcastle are hoping to tap into our lust for browsing the latest properties to hit the market. Like the [...]
Sir Malcolm Bruce: House of Commons would be cleared “very fast” if you got rid of all liars May 26, 2015 If we wanted to get rid of every MP who had ever told a porkie, "we'd clear out the House of Commons very fast", the former deputy leader of the Liberal Democrats admitted this morning. Sir Malcolm Bruce, who stepped down at the General Election, was attempting to defend Alistair Carmichael – the only [...]
The Charlie Charlie challenge takes over Twitter – but what is it and how do you play? May 26, 2015 A spooky new game has taken over Twitter – but what is the Charlie Charlie challenge all about? Thousands of people have started playing this Ouija-inspired game, with players speculating over its supposed origins as a way of contacting a Mexican spirit called Charlie. Players place two pencils on a piece of paper [...]
Sajid Javid on O2 outage: “Sort it out” May 26, 2015 He's still pretty new to the role but business secretary Sajid Javid has already secured some fans – and potentially at least one telecoms enemy. Yesterday mobile phone network O2 suffered a series of outages that affected users in London, Sussex, Manchester, Bristol, Birmingham, Glasgow and parts of Northern Ireland. O2 said it [...]
Slug & Lettuce owner Stonegate gearing up for £1bn float May 26, 2015 Stonegate, the pub company that owns Slug & Lettuce and Yates's, is considering floating on the London stock market next year. The business, which owns more than 600 pubs and bars in the UK, has begun speaking to investment bankers about going public at some point in 2016. The group – the UK's [...]
From Thomas Cook to the Prosecco shortage: Here’s what got us talking this week May 22, 2015 There was a bomb. There was an earthquake. And there was, very nearly, a nation-wide rail strike. Here's what got us talking this week. 1. Panic stations over Prosecco and…er… eggs We don't know which is worse. Well of course we do. Still a global egg shortage is pretty alarming. But cards on the table, [...]
US egg shortage could cost consumers $8bn as prices soar, companies import from Europe May 22, 2015 The outbreak of bird flu in the US is leading to an unprecedented situation for companies reliant on eggs – they are starting to import eggs from Europe for the first time. Nearly a quarter of hens that lay eggs used by food manufacturers have either died or will be culled as a result [...]
Wembley bomb: Army removes device for detonation outside London May 22, 2015 Update: Police and army officers have removed the World War II bomb discovered in Wembley yesterday and are taking it to a location outside London, where it will be detonated. The Nazi bomb was given a police escort as it was taken out of the densely populated area in north London. The 50kg [...]
